Grayscale has a “massive” head start, but will the Wall Street firms like BlackRock and Fidelity soon overtake GBTC? For years, institutions seeking Bitcoin exposure went to Grayscale Investments, with its more than $28 billion in BTC assets under management (AUM) dwarfing its closest competitor several times over. All that changed on Jan. 11, when...Continue Reading

MetaMask users can now sell crypto directly to a Visa card, which eliminates the need to use centralized exchanges. Global payment giant Visa is doubling down on cryptocurrency adoption by enabling another method to exchange crypto to fiat currencies without using a centralized exchange. Visa has partnered with the Web3 infrastructure provider Transak to introduce...Continue Reading

A Binance spokesperson said that it’s putting its focus on its users as it moves into a new chapter. Crypto exchange Binance has started to recover its trading volume market share months after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine. According to data from crypto...Continue Reading

Bitpanda Wealth uses Bitpanda’s proprietary custody solution, which applies cold storage to keep investors’ assets safe. Austrian fintech unicorn Bitpanda is launching an institutional-grade cryptocurrency trading platform in response to the growing demand for institutional crypto services in Europe. Bitpanda, a major cryptocurrency broker founded in 2014, has launched Bitpanda Wealth, a new service targeting...Continue Reading

An exception will be made for Tier 1 and Tier 2 Coinbase Exchange Liquidity Program members. Coinbase — the largest United States-based crypto exchange — has introduced commission fees for net conversions from USD Coin to U.S. dollars exceeding $75 million in 30 days. An exception will be made for Tier 1 and Tier 2...Continue Reading

Investors in the round include Coinbase Ventures, Arrington Capital, OKX Ventures and Gate.io. The funds will be used in the development of Portal’s DEX and noncustodial wallet. Financial technology firm Portal has secured $34 million in seed funding to offer atomic swaps technology for Bitcoin. Investors backing the initiative include Coinbase Ventures, Arrington Capital, OKX...Continue Reading

The SFC warned Hong Kong users on Jan. 26 and described Floki’s staking programs as “suspicious investment products.” The Hong Kong Securities and Futures Commission (SFC) has warned users about staking in the dog-themed memecoin project Floki, describing them as “suspicious investment products.” On Jan. 26, the SFC cautioned users from its jurisdiction about the Floki and...Continue Reading

Outflows from the Grayscale Bitcoin Trust ETF significantly impacted Bitcoin’s recent market price correction. A new market report from Bitfinex suggests that a sizable sell-off of Grayscale Bitcoin Trust ETF shares, partly driven by bankrupt exchange FTX, significantly impacted Bitcoin’s recent drop in value in January 2024. According to the update from Bitfinex Alpha, the...Continue Reading

The Biden Administration’s key actions on AI, including risk assessments across critical sectors, have exceeded requirements in the 90-days after the executive order. The Biden Administration released a fact sheet with its key actions on artificial intelligence (AI) on Jan. 29, three months after the release of its initial executive order.  Bruce Reed, the deputy...Continue Reading

Bitcoin ETFs — including GBTC — may soon begin to record net inflows, data suggests, as exchanges’ BTC balances revert to their downtrend. Bitcoin (BTC) exchange outflows in January are chipping away at bearish BTC price prognoses. The latest data from on-chain analytics firm Glassnode confirms that despite a 20% dip on BTC/USD, coins have...Continue Reading